About 'us debt deficit'|"The US has long financed its fiscal deficit by selling debt to China."

About 'us debt deficit'|"The US has long financed its fiscal deficit by selling debt to China."

ＣＯＭＭＥＮＴＡＲＹ               |               Ｔｈｅ               ｓａｍｅ               ｄａｙ               ｔｈａｔ               5,000               ｄｅａｄ               ｂｌａｃｋｂｉｒｄｓ               ｒａｉｎｅｄ               ｆｒｏｍ               ｔｈｅ               ｎｉｇｈｔ-ｔｉｍｅ               ｓｋｙ               ｏｖｅｒ               ｔｈｅ               ｌｉｔｔｌｅ               Ａｒｋａｎｓａｓ               ｔｏｗｎ               ｏｆ               Ｂｅｅｂｅ,               ｔｈｅ               Ｕ. Ｓ. Ｔｒｅａｓｕｒｙ               ｗｅｂｓｉｔｅ,               ａｃｃｏｒｄｉｎｇ               ｔｏ               ＣＢＳ               Ｎｅｗｓ,               ｒｅｐｏｒｔｅｄ               ｔｈａｔ               ｔｈｅ               ｎａｔｉｏｎａｌ               ｄｅｂｔ               ｈａｄ               ｔｏｐｐｅｄ               ｔｈｅ               $14               ｔｒｉｌｌｉｏｎ               ｍａｒｋ. Ｈａｒｂｉｎｇｅｒｓ               ｏｆ               ｂａｄ               ｔｉｍｅｓ               ａｈｅａｄ? Ｐｅｒｈａｐｓ,               ｂｕｔ               ｎｏｔ               ｏｎｌｙ               ｈａｄ               ｔｈｅ               ｎａｔｉｏｎａｌ               ｄｅｂｔ               ｔｏｐｐｅｄ               ｔｈｅ               $14               ｔｒｉｌｌｉｏｎ               ｌｅｖｅｌ,               ｂｕｔ               ｔｈｅ               ｅｖｅｒ-ｉｎｃｒｅａｓｉｎｇ               ｄｅｂｔ               ｄｉｄ               ｓｏ               ｊｕｓｔ               ｓｅｖｅｎ               ｍｏｎｔｈｓ               ａｆｔｅｒ               ｉｔ               ｃｌｉｍｂｅｄ               ａｂｏｖｅ               ｔｈｅ               $13               ｔｒｉｌｌｉｏｎ               ｔｈｒｅｓｈｏｌｄ               (Ｊｕｎｅ               1). Ｔｏ               ｍａｋｅ               ｍａｔｔｅｒｓ               ｗｏｒｓｅ,               ｔｈｅ               ｎａｔｉｏｎａｌ               ｄｅｂｔ               ｉｓ               ｆａｓｔ               ａｐｐｒｏａｃｈｉｎｇ               ｔｈｅ               "ｄｅｂｔ               ｃｅｉｌｉｎｇ,"               ｔｈａｔ               ｎｕｍｅｒｉｃａｌ               ｌｉｍｉｔ               ｉｍｐｏｓｅｄ               ｏｎ               ｔｈｅ               ｆｅｄｅｒａｌ               ｇｏｖｅｒｎｍｅｎｔ               ｂｙ               Ｃｏｎｇｒｅｓｓ               ｗｈｅｒｅ,               ｏｎｃｅ               ｉｔ               ｈａｓ               ｂｅｅｎ               ｍｅｔ,               ａｄｄｉｔｉｏｎａｌ               ｌｏａｎｓ               ａｒｅ               ｆｏｒｂｉｄｄｅｎ. Ｔｈｅ               ｄｅｂｔ               ｃｅｉｌｉｎｇ               ｈａｓ               ａｌｓｏ               ｂｅｃｏｍｅ               ａ               ｐｏｉｎｔ               ｏｆ               ｃｏｎｔｅｎｔｉｏｎ               ｉｎ               Ｃｏｎｇｒｅｓｓ               ａｎｄ               ｏｎｅ               ｓｕｒｅ               ｔｏ               ｐｒｏｍｐｔ               ｍｕｃｈ               ｐｏｌｉｔｉｃａｌ               ｔｈｅａｔｒｅ               ｂｅｆｏｒｅ               ｉｔｓ               ｐａｓｓａｇｅ               --               ｏｒ               ｉｔｓ               ｎｏｎ-ｐａｓｓａｇｅ,               ｓｏｍｅｔｈｉｎｇ               ｔｈａｔ               ｈａｓ               ｂｅｅｎ               ｄｅｓｃｒｉｂｅｄ               ａｓ               ｄｅｆａｕｌｔｉｎｇ               ｂｙ               "ｐｕｒｅ               ｉｎｓａｎｉｔｙ."               Ｐｏｌｉｔｉｃａｌ               ａｎａｌｙｓｔｓ               ｂｅｌｉｅｖｅ               ｔｈａｔ               ｔｈｅ               "ｄｅｂｔ               ｃｅｉｌｉｎｇ"               ｍｉｇｈｔ               ｂｅ               ｔｈｅ               ｎｅｗｌｙ               ｃｏｎｖｅｎｅｄ               112ｔｈ               Ｃｏｎｇｒｅｓｓ'               ｆｉｒｓｔ               ｄａｎｃｅ               ｗｉｔｈ               ｇｒｉｄｌｏｃｋ,               ｔｈａｔ               ｓｔａｔｅ               ｏｆ               ｉｎｅｒｔｉａ               ｉｎ               ａ               ｌｅｇｉｓｌａｔｉｖｅ               ｂｏｄｙ               ｗｈｅｒｅ               ｎｏｔｈｉｎｇ               ｇｅｔｓ               ｄｏｎｅ               ｗｉｔｈ               ａ               ｃｅｒｔａｉｎ               ｍｅａｓｕｒｅ               ｏｒ               ｍｅａｓｕｒｅｓ. Ｎｅｗｌｙ               ａｒｒｉｖｅｄ               Ｔｅａ               Ｐａｒｔｙ               Ｒｅｐｕｂｌｉｃａｎｓ               ａｎｄ               ｖｅｔｅｒａｎ               ｆｉｓｃａｌ               ｈａｒｄ-ｌｉｎｅｒｓ               ｓｅｅｍ               ｄｅｔｅｒｍｉｎｅｄ               ｔｏ               ｐｒｅｓｓ               ｔｈｅ               ｐｏｉｎｔ               ｔｈａｔ               ｔｈｅ               ｆｅｄｅｒａｌ               ｇｏｖｅｒｎｍｅｎｔ'ｓ               ｓｐｅｎｄｉｎｇ               ｍｕｓｔ               ｂｅ               ｃｕｒｂｅｄ,               ｉｆ               ｎｏｔ               ｓｔｏｐｐｅｄ               ａｌｔｏｇｅｔｈｅｒ. Ｂｕｔ               ｃａｍｐａｉｇｎ               ｐｒｏｍｉｓｅｓ               ｏｆ               ｌｉｍｉｔｉｎｇ               ｇｏｖｅｒｎｍｅｎｔ               ｓｐｅｎｄｉｎｇ               ａｎｄ               ｃｕｔｔｉｎｇ               ｆｅｄｅｒａｌ               ｃｏｓｔｓ               ａｒｅ               ｏｎｅ               ｔｈｉｎｇ. Ｒｅｆｕｓｉｎｇ               ｔｏ               ａｌｌｏｗ               ｔｈｅ               ｄｅｂｔ               ｃｅｉｌｉｎｇ               ｔｏ               ｂｅ               ｒａｉｓｅｄ,               ｃｕｔｔｉｎｇ               ｏｆｆ               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ'ｓ               ａｃｃｅｓｓ               ｔｏ               ｆｕｎｄｉｎｇ,               ａｎｄ               ｅｓｓｅｎｔｉａｌｌｙ               ｓｈｕｔｔｉｎｇ               ｄｏｗｎ               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｂｅｃａｕｓｅ               ｉｔ               ｈａｓ               ｎｏ               ｆｕｎｄｓ               ｕｐｏｎ               ｗｈｉｃｈ               ｔｏ               ｏｐｅｒａｔｅ               ｉｓ               ａｎｏｔｈｅｒ.                Ａｕｓｔａｎ               Ｇｏｏｌｓｂｅｅ,               ｃｈａｉｒｍａｎ               ｏｆ               ｔｈｅ               Ｃｏｕｎｃｉｌ               ｏｆ               Ｅｃｏｎｏｍｉｃ               Ａｄｖｉｓｅｒｓ,               ｔｏｌｄ               ＡＢＣ'ｓ               "Ｔｈｉｓ               Ｗｅｅｋ"               ｔｈａｔ               ｔｏ               ｅｖｅｎ               ｃｏｕｎｔｅｎａｎｃｅ               ｓｕｃｈ               ａ               ｐｏｌｉｔｉｃａｌ               ｇａｍｅ               ｏｆ               "ｃｈｉｃｋｅｎ"               ａｎｄ               ｔｏｙｉｎｇ               ｗｉｔｈ               ｔｈｅ               ｉｄｅａ               ｏｆ               ａ               ｔｈｒｅａｔ               ｏｆ               ｇｏｖｅｒｎｍｅｎｔ               ｓｔｏｐｐａｇｅ               ｗａｓ               "ｐｕｒｅ               ｉｎｓａｎｉｔｙ."               Ｈｅ               ａｌｓｏ               ｎｏｔｅｄ               ｔｈａｔ               ｔｈｅ               "ｉｍｐａｃｔ               ｏｎ               ｔｈｅ               ｅｃｏｎｏｍｙ               ｗｏｕｌｄ               ｂｅ               ｃａｔａｓｔｒｏｐｈｉｃ."                Ｗｈｙ? Ｂｅｃａｕｓｅ               ｉｆ               ｔｈｅ               Ｕ. Ｓ. ｄｅｆａｕｌｔｓ               ｏｎ               ｉｔｓ               ｌｏａｎｓ,               ｍｏｓｔ               ｏｆ               ｗｈｉｃｈ               ａｒｅ               ｓｅｃｕｒｅｄ               ｔｈｒｏｕｇｈ               ｆｏｒｅｉｇｎ               ｉｎｖｅｓｔｍｅｎｔｓ               ｉｎ               ｔｈｅ               Ｕ. Ｓ.,               ｉｔ               ｄｅｖａｌｕｅｓ               Ａｍｅｒｉｃａ'ｓ               ｓｔａｎｄｉｎｇ               ａｍｏｎｇ               ｎａｔｉｏｎｓ,               ｕｎｄｅｒｍｉｎｅｓ               ｔｈｅ               ｄｏｌｌａｒ,               ａｎｄ               ｂａｓｉｃａｌｌｙ               ｓｔａｔｅｓ               ｔｈａｔ               ｔｈｅ               Ｕｎｉｔｅｄ               Ｓｔａｔｅｓ               ｉｓｎ'ｔ               ａ               ｒｅｌｉａｂｌｅ               ｌｅｎｄｉｎｇ               ｐａｒｔｎｅｒ. Ｄｅｆａｕｌｔｉｎｇ               ｗｏｕｌｄ               ａｌｓｏ               ｉｎｃｒｅａｓｅ               ｔｈｅ               ｒｉｓｋ               ｏｆ               ｎｏｔ               ｂｅｉｎｇ               ａｂｌｅ               ｔｏ               ｓｅｃｕｒｅ               ｆｕｔｕｒｅ               ｌｏａｎｓ,               ｆｕｒｔｈｅｒ               ｄｅｓｔａｂｉｌｉｚｉｎｇ               ｔｈｅ               ｃｕｒｒｅｎｃｙ               ａｎｄ               ｔｈｅ               ｅｃｏｎｏｍｙ,               ｏｒ               ｓｅｃｕｒｉｎｇ               ｌｏａｎｓ               ａｔ               ｅｘｏｒｂｉｔａｎｔ               ｒａｔｅｓ               ｏｒ               ｉｎ               ｅｘｃｈａｎｇｅ               ｆｏｒ               ｔｒａｄｅ               ｏｒ               ｄｉｐｌｏｍａｔｉｃ               ａｇｒｅｅｍｅｎｔｓ               ｔｈｅ               Ｕ. Ｓ. ｗｏｕｌｄ               ｎｏｒｍａｌｌｙ               ｎｏｔ               ｅｎｔｅｒ               ｉｎｔｏ.                Ｂｕｔ               ｌｅｇｉｓｌａｔｏｒｓ               ｌｉｋｅ               Ｒｅｐ. Ｍｉｃｈｅｌｅ               Ｂａｃｈｍａｎｎ               (Ｒ-ＭＮ)               ｓａｉｄ               ｉｔ               ｗａｓ               ｔｉｍｅ               ｔｏ               ｓｔｏｐ               ｔｈｅ               ｓｐｅｎｄｉｎｇ. Ｓｈｅ               ｔｏｌｄ               ＣＢＳ               "Ｆａｃｅ               Ｔｈｅ               Ｎａｔｉｏｎ,"               "               Ｃｏｎｇｒｅｓｓ               ｈａｓ               ｈａｄ               ａ               ｂｉｇ               ｐａｒｔｙ               ｔｈｅ               ｌａｓｔ               ｔｗｏ               ｙｅａｒｓ. Ｔｈｅｙ               ｃｏｕｌｄｎ'ｔ               ｓｐｅｎｄ               ｅｎｏｕｇｈ               ｍｏｎｅｙ. Ａｎｄ               ｎｏｗ               ｔｈｅｙ'ｒｅ               ｓｔａｎｄｉｎｇ               ｂａｃｋ,               ｆｏｌｄｉｎｇ               ｔｈｅｉｒ               ａｒｍｓ,               ｓａｙｉｎｇ,               ｏｈ,               ｔａｕｎｔｉｎｇ               ｕｓ               -               'Ｈｏｗ               ａｒｅ               ｙｏｕ               ｇｏｉｎｇ               ｔｏ               ｇｏ               ａｈｅａｄ               ａｎｄ               ｓｏｌｖｅ               ｔｈｉｓ               ｂｉｇ               ｓｐｅｎｄｉｎｇ               ｃｒｉｓｉｓ?'"                Ｙｅｔ,               ｉｎｓｔｅａｄ               ｏｆ               ｏｆｆｅｒｉｎｇ               ｐｒｏａｃｔｉｖｅ               ｍｅｔｈｏｄｓ               ｏｆ               ｒｅｄｕｃｉｎｇ               ｓｐｅｎｄｉｎｇ,               Ｂａｃｈｍａｎｎ               ｓｕｇｇｅｓｔｓ               ｓｉｍｐｌｙ               ｎｏｔ               ｒａｉｓｉｎｇ               ｔｈｅ               ｄｅｂｔ               ｃｅｉｌｉｎｇ,               ｅｆｆｅｃｔｉｖｅｌｙ               ｍａｋｉｎｇ               ｔｈｅ               ｆｅｄｅｒａｌ               ｇｏｖｅｒｎｍｅｎｔ               ｎｏｎ-ｏｐｅｒａｔｉｏｎａｌ,               ｉｔｓ               ｃｕｒｒｅｎｃｙ               ａｎｄ               ｔｒａｄｅ               ｓｔａｎｄｉｎｇ               ｕｎｃｅｒｔａｉｎ. Ｓｈｅ               ｐｌａｃｅｄ               ｔｈｅ               ｂｌａｍｅ               ｏｆ               ｔｈｅ               ｎａｔｉｏｎａｌ               ｄｅｂｔ               ｏｎ               Ｄｅｍｏｃｒａｔｓ,               ｂｕｔ               Ｒｅｐ. Ｄｅｂｂｉｅ               Ｗａｓｓｅｒｍａｎ-Ｓｃｈｕｌｔｚ               (Ｄ-ＦＬ)               ｄｉｓａｇｒｅｅｄ.                "Ｌｅｔ'ｓ               ｒｅｍｅｍｂｅｒ               ｔｈｅ               ｄｅｆｉｃｉｔ               ｗａｓ               ｅｘｐｌｏｄｅｄ               ｂｙ               Ｒｅｐｕｂｌｉｃａｎｓ,"               ｓｈｅ               ｅｘｐｌａｉｎｅｄ. "Ｐｒｅｓｉｄｅｎｔ               Ｂｕｓｈ               ｉｎｈｅｒｉｔｅｄ               ａ               ｒｅｃｏｒｄ               ｓｕｒｐｌｕｓ               ａｎｄ               ｔｕｒｎｅｄ               ｉｔ               ｉｎｔｏ               ａ               ｒｅｃｏｒｄ               ｄｅｆｉｃｉｔ. Ｔｗｏ               ｗａｒｓ               ｕｎｐａｉｄ               ｆｏｒ,               ａ               ｐｒｅｓｃｒｉｐｔｉｏｎ               ｄｒｕｇ               ｐｌａｎ               ｕｎｐａｉｄ               ｆｏｒ,               ｔａｘ               ｃｕｔｓ               ｕｎｐａｉｄ               ｆｏｒ. Ｓｏ               ｔｈｅ               ｄｅｆｉｃｉｔ               ｔｈａｔ               ｗｅ               ｆｏｕｎｄ               ｏｕｒｓｅｌｖｅｓ               ｉｎ               ｗａｓ               ｔｈａｎｋｓ               ｔｏ               ｔｈｅ               Ｒｅｐｕｂｌｉｃａｎｓ."                Ｂｉｐａｒｔｉｓａｎｓｈｉｐ               ｉｎ               ｔｈｅ               112ｔｈ               Ｃｏｎｇｒｅｓｓ               ｍａｙ               ｂｅ               ａ               ｔｏｒｔｕｏｕｓ               ａｆｆａｉｒ.                Ｙｅｔ,               ｅｖｅｎ               ｔｈｏｕｇｈ               ｉｔ               ｓｅｅｍｓ               ｔｈｅｒｅ               ｍａｙ               ｂｅ               ａ               ｍｏｖｅ               ｔｏｗａｒｄ               ｇｒｉｄｌｏｃｋ,               ｔｈｅｒｅ               ａｒｅ               ｔｈｏｓｅ               ｔｈａｔ               ｐｒｏｐｏｓｅ               ｃｏｍｐｒｏｍｉｓｅ               ａｎｄ               ａｃｔｕａｌ               ｓｏｌｕｔｉｏｎｓ.                Ｍｏｒｅ               ｐｒｏａｃｔｉｖｅ               ｉｎ               ｈｉｓ               ａｐｐｒｏａｃｈ,               Ｓｅｎ. Ｌｉｎｄｓｅｙ               Ｇｒａｈａｍ               (Ｒ-ＳＣ)               ｔｏｌｄ               ＮＢＣ'ｓ               "Ｍｅｅｔ               Ｔｈｅ               Ｐｒｅｓｓ"               ｔｈａｔ               ｈｅ               ｗａｎｔｓ               ｔｏ               ｓｅｅ               ｓｏｍｅ               ｔｙｐｅ               ｏｆ               Ｓｏｃｉａｌ               Ｓｅｃｕｒｉｔｙ               ｒｅｆｏｒｍ               ｂｅｆｏｒｅ               ｈｅ               ｉｓ               ｗｉｌｌｉｎｇ               ｔｏ               ｒａｉｓｅ               ｔｈｅ               ｄｅｂｔ               ｃｅｉｌｉｎｇ. "Ｉ               ｗｉｌｌ               ｎｏｔ               ｖｏｔｅ               ｆｏｒ               ｔｈｅ               ｄｅｂｔ               ｃｅｉｌｉｎｇ               ｉｎｃｒｅａｓｅ,"               ｈｅ               ｓａｉｄ,               "ｕｎｔｉｌ               Ｉ               ｓｅｅ               ａ               ｐｌａｎ               ｉｎ               ｐｌａｃｅ               ｔｈａｔ               ｗｉｌｌ               ｄｅａｌ               ｗｉｔｈ               ｏｕｒ               ｌｏｎｇ-ｔｅｒｍ               ｄｅｂｔ               ｏｂｌｉｇａｔｉｏｎｓ               ｓｔａｒｔｉｎｇ               ｗｉｔｈ               Ｓｏｃｉａｌ               Ｓｅｃｕｒｉｔｙ,               ａ               ｒｅａｌ               ｂｉｐａｒｔｉｓａｎ               ｅｆｆｏｒｔ               ｔｏ               ｍａｋｅ               ｓｕｒｅ               ｔｈａｔ               Ｓｏｃｉａｌ               Ｓｅｃｕｒｉｔｙ               ｓｔａｙｓ               ｓｏｌｖｅｎｔ,               ａｄｊｕｓｔｉｎｇ               ｔｈｅ               ａｇｅ,               ｌｏｏｋｉｎｇ               ａｔ               ｍｅａｎｓ-ｔｅｓｔｓ               ｆｏｒ               ｂｅｎｅｆｉｔｓ."                Ｉｔ               ｉｓｎ'ｔ               ｃｌｅａｒ               ｈｏｗ               ｆａｒ               ｖｅｔｅｒａｎ               Ｒｅｐｕｂｌｉｃａｎｓ               ａｒｅ               ｗｉｌｌｉｎｇ               ｔｏ               ｇｏ               ｔｏ               ｇｅｔ               ｔｈｅｉｒ               ｐｏｉｎｔ               ａｃｒｏｓｓ               ａｎｄ               ｍａｎｙ               ｐｏｌｉｔｉｃａｌ               ａｎａｌｙｓｔｓ               ｄｏ               ｎｏｔ               ｔｈｉｎｋ               ｔｈｅｙ'ｌｌ               ａｌｌｏｗ               ｔｈｅ               ｄｅｂｔ               ｃｅｉｌｉｎｇ               ｔｏ               ｂｅ               ｒｅａｃｈｅｄ. Ｔｈａｔ               ｔｈｅｒｅ               ｉｓ               ｒｏｏｍ               ｆｏｒ               ｉｍｐｒｏｖｅｍｅｎｔ               ｉｎ               ｔｒｉｍｍｉｎｇ               ｔｈｅ               ｆｉｓｃａｌ               ｂｕｄｇｅｔ,               ｉｎ               ｄｅｆｕｎｄｉｎｇ               ｏｒ               ｌｉｍｉｔｉｎｇ               ｅｘｃｅｓｓｉｖｅ               ｇｏｖｅｒｎｍｅｎｔ               ｐｒｏｇｒａｍｓ               ａｎｄ/ｏｒ               ｏｖｅｒ-ｅｘｐｅｎｄｉｔｕｒｅｓ,               ｏｒ               ｅｖｅｎ               ｅｌｉｍｉｎａｔｉｎｇ               ｓｏｍｅ               ａｒｅａｓ               ｏｆ               ｇｏｖｅｒｎｍｅｎｔ               ａｌｔｏｇｅｔｈｅｒ               ｉｓ               ｕｎｑｕｅｓｔｉｏｎａｂｌｅ. Ｗｈｅｒｅ               ａｎｄ               ｈｏｗ               ｍｕｃｈ,               ｒｅａｌ               ｓｐｅｎｄｉｎｇ               ｒｅｆｏｒｍｓ               ｔｈａｔ               ｃａｎ               ｂｅｎｅｆｉｔ               ｔｈｅ               ｍｏｓｔ               ｐｅｏｐｌｅ               ｅｆｆｅｃｔｉｖｅｌｙ               ｆｏｒ               ｔｈｅ               ｌｏｎｇｅｓｔ               ｄｕｒａｔｉｏｎ,               ｓｈｏｕｌｄ               ｂｅ               ｔｏｐｉｃｓ               ｆｏｒ               ｃｏｎｓｉｄｅｒａｔｉｏｎ. Ｂｕｔ               ｐｌａｙｉｎｇ               ａ               ｇａｍｅ               ｏｆ               ｐｏｌｉｔｉｃａｌ               "ｃｈｉｃｋｅｎ"               ｗｉｔｈ               ｔｈｅ               ｄｅｂｔ               ｃｅｉｌｉｎｇ               ｔｏ               ｍａｋｅ               ａ               ｐｏｌｉｔｉｃａｌ               ｐｏｉｎｔ               ｉｓ               ｔａｎｔａｍｏｕｎｔ               ｔｏ               ｐｏｌｉｔｉｃａｌ               ｒｅｃｋｌｅｓｓｎｅｓｓ               ａｎｄ               ｇｏｖｅｒｎｉｎｇ               ｉｒｒｅｓｐｏｎｓｉｂｉｌｉｔｙ,               ｎｏ               ｍａｔｔｅｒ               ｗｈｉｃｈ               ｓｉｄｅ               ｉｓ               ｍａｋｉｎｇ               ｔｈｅ               ｔｈｒｅａｔ.                Ｐｕｒｐｏｓｅｌｙ               ａｌｌｏｗｉｎｇ               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｔｏ               ｓｌｉｐ               ｉｎｔｏ               ｆｉｎａｎｃｉａｌ               ｉｎｓｏｌｖｅｎｃｙ,               ｕｎａｂｌｅ               ｔｏ               ｏｐｅｒａｔｅ               ａｎｄ               ｐａｙ               ｉｔｓ               ｂｉｌｌｓ               ａｎｄ               ｒｅｐａｙ               ｉｔｓ               ｌｏａｎｓ               ａｎｄ,               ｗｏｒｓｅ,               ｄｅｖａｌｕｉｎｇ               Ａｍｅｒｉｃａ'ｓ               ｅｃｏｎｏｍｉｃ,               ｃｒｅｄｉｔ,               ａｎｄ               ｔｒａｄｉｎｇ               ｇｏｏｄ               ｓｔａｎｄｉｎｇ               ｗｏｕｌｄ               ｂｅ,               ｔｏ               ｂｏｒｒｏｗ               Ａｕｓｔａｎ               Ｇｏｏｌｓｂｅｅ'ｓ               ｐｈｒａｓｅ               "               ｔｈｅ               ｆｉｒｓｔ               ｄｅｆａｕｌｔ               ｉｎ               ｈｉｓｔｏｒｙ               ｃａｕｓｅｄ               ｐｕｒｅｌｙ               ｂｙ               ｉｎｓａｎｉｔｙ."                Ｂｕｔ               ｉｆ               Ｃｏｎｇｒｅｓｓ               ｆａｉｌｓ               ｔｏ               ｆｉｎｄ               ｃｏｍｍｏｎ               ｇｒｏｕｎｄ               ｏｎ               ｔｈｅ               ｉｓｓｕｅ,               ｉｔ               ｃｏｕｌｄ               ｇｒｉｎｄ               Ｃｏｎｇｒｅｓｓ               ｔｏ               ａ               ｈａｌｔ,               ｅｆｆｅｃｔｉｎｇ               ｇｒｉｄｌｏｃｋ,               ｂａｓｉｃａｌｌｙ               ｓｈｕｔｔｉｎｇ               ｔｈｅ               ｌｅｇｉｓｌａｔｕｒｅ               ｄｏｗｎ               ｂｅｆｏｒｅ               ｒｕｎｎｉｎｇ               ｏｕｔ               ｏｆ               ｔｉｍｅ               ａｎｄ               ｍｏｎｅｙ               ｄｏｅｓ               ｔｈｅ               ｓａｍｅ               ｆｏｒ               ｔｈｅ               ｒｅｓｔ               ｏｆ               ｔｈｅ               ｆｅｄｅｒａｌ               ｇｏｖｅｒｎｍｅｎｔ.                Ｄｅｓｐｉｔｅ               ａｌｌ               ｔｈｅ               Ｒｅｐｕｂｌｉｃａｎ               ｒｈｅｔｏｒｉｃ               ａｎｄ               ｂｌｕｓｔｅｒ,               ｔｈｅｒｅ               ｉｓ               ｌｉｔｔｌｅ               ｌｉｋｅｌｉｈｏｏｄ               ｔｈａｔ               ａｎ               ａｃｔｕａｌ               ｓｈｕｔｄｏｗｎ               ｗｉｌｌ               ｏｃｃｕｒ,               ａｌｔｈｏｕｇｈ               ａｎｙｔｈｉｎｇ               ｉｓ               ｐｏｓｓｉｂｌｅ               ｉｎ               ｔｈｅ               ｃｕｒｒｅｎｔ               ｅｘｔｒｅｍｅ               ｃｌｉｍａｔｅ               ｏｆ               Ｗａｓｈｉｎｇｔｏｎ               ｐａｒｔｉｓａｎ               ｐｏｌｉｔｉｃｓ. Ｂｕｔ               ｅｖｅｎ               ｉｆ               ｔｈｅ               ｇｏｖｅｒｎｍｅｎｔ               ｗａｓ               ｔｏ               ｔｅｍｐｏｒａｒｉｌｙ               ｓｈｕｔ               ｄｏｗｎ,               ｕｎｌｉｋｅ               ｔｈｏｓｅ               ｕｎｆｏｒｔｕｎａｔｅ               Ａｒｋａｎｓａｓ               ｂｌａｃｋｂｉｒｄｓ,               ｔｈｅ               ｆｉｓｃａｌ               ｂｕｄｇｅｔ,               ｆｅｄｅｒａｌ               ｇｏｖｅｒｎｍｅｎｔ               ｏｐｅｒａｔｉｏｎｓ,               ａｎｄ               ｔｈｅ               Ａｍｅｒｉｃａｎ               ｅｃｏｎｏｍｙ               ｃａｎ               ｂｅ               ｒｅｓｕｒｒｅｃｔｅｄ               ｂｙ               ａ               ｑｕｉｃｋ               ｖｏｔｅ.                Ｓａｕｌ               Ｒｅｌａｔｉｖｅ               ｈｏｌｄｓ               ｄｅｇｒｅｅｓ               ｉｎ               Ｈｉｓｔｏｒｙ               ａｎｄ               Ｓｅｃｏｎｄａｒｙ               Ｅｄｕｃａｔｉｏｎ,               ａｎｄ               ｈｅ               ｔａｕｇｈｔ               ｓｃｈｏｏｌ               ｉｎ               Ｗｅｓｔ               Ｖｉｒｇｉｎｉａ               ｉｎ               ｔｈｅ               '80ｓ               ａｎｄ               Ｖｉｒｇｉｎｉａ               ｄｕｒｉｎｇ               ｔｈｅ               '90ｓ. Ａ               ｓｔｕｄｅｎｔ               ｏｆ               ｐｏｌｉｔｉｃｓ               ａｎｄ               ｐｏｌｉｔｉｃａｌ               ｍｏｖｅｍｅｎｔｓ,               ｈｅ               ｂｅｇａｎ               ｗｒｉｔｉｎｇ               ａｒｔｉｃｌｅｓ               ｃｏｖｅｒｉｎｇ               ｔｈｅ               ｐｏｌｉｔｉｃａｌ               ｍａｎｅｕｖｅｒｉｎｇｓ               ｏｆ               ｔｈｅ               Ｂｕｓｈ               ａｄｍｉｎｉｓｔｒａｔｉｏｎ               ｉｎ               2004. Ｓａｕｌ               ｔｕｒｎｅｄ               ｔｏ               ｗｒｉｔｉｎｇ               ｆｕｌｌ-ｔｉｍｅ               ｉｎ               2008,               ｄｉｖｉｄｉｎｇ               ｈｉｓ               ｔｉｍｅ               ｂｅｔｗｅｅｎ               ｒｅａｄｉｎｇ               ａｎｄ               ｗｒｉｔｉｎｇ               ａｂｏｕｔ               ｐｏｌｉｔｉｃｓ               ａｎｄ               ｅｎｔｅｒｔａｉｎｍｅｎｔ.

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   brandontward.blogspot.com/   09/11/2013

   ...extraordinary measures?” - Lonely Conservative: US Exceeds Legal Limit of Federal Deficit – Deficit Goes Up, Debt Stays the Same Let Your Voice Be Heard...

10. John Maldin Interview on US Deficit and Debt

    realitylenses.blogspot.com/   04/12/2011

    ...analyst and the author of ENDGAME: The End Of The Debt Supercycle And How It Changes Everything... about the silly situation in the US, and the nonsensical battle between the Democrats...

Us Debt Deficit - Blog Homepage Results

Swiss Economistbyswissecon

http://swissecon.wordpress.com/

... his views on deficits and debt in 1994. Almost twenty years...as ever. You went to war with us for 'taxation without representation'. So how...

ECONOMICROTbyRandy

http://economicrot.blogspot.com/

Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak...

RedStatebyinsanity

http://www.redstate.com/insanity/

Deficits? Deficits?  We're sitting here, the US is supposed to be the dominant world power, and we're talking about deficits, not the debt, not the debt, but

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Budget Deficit and Debt What Is Deficit Reduction Deficit Spending History U.S. Deficit Surplus and Debt How High Is the Deficit Us Deficit Reduction Plan Debt and Deficit Budget Deficit Affect the Economy